LUNA/USD Daily TA Bullish

Mar 31, 2022

LUNA/USD Daily bullish. Recommended ratio: 100% LUNA, 0% cash. Price is currently testing the previous ATH ($106.15) as support (which is healthy) and remains in Price Discovery unless it closes below $100. Volume remains very low and is currently on track to close two consecutive days of seller dominance (critical resistance at previous ATH). Parabolic SAR flips bearish at $87, the higher this number gets before flipping bearish, the more bullish it is. RSI is currently trending down at 62.50 as it approaches a test of 60.13 minor support. Stochastic is currently crossing over bearish and is trending down at 77, the next support is at 69.86. MACD remains bullish and is currently trending sideways at 6, the next resistance (minor) is at 6.92. ADX remains trending up at 30 as Price is facing some selling pressure, this is mildly bullish. If Price is able to establish support at the previous ATH at $106, then it will likely retest the new ATH at $111 before potentially continuing in its Price Discovery. However, if Price breaks down below $106, it will likely retest the upper trendline of the ascending channel from March 2021 (for the first time since December 2021) at $100. Mental Stop Loss: (two consecutive closes below) $100.